Macfarlanes advises Alchemy on sale of Beechcroft to The Carlyle Group
Beechcroft is one of the UK’s leading retirement developers with a high-quality portfolio of developments in Greater London and South East England, and covers the entire development value chain from site sourcing, design and planning to construction and sales.
Equity for the investment comes from Carlyle Europe Realty (CER), a €540m pan-European real estate fund.
The Macfarlanes team for this matter was led by corporate and M&A partner Alexander Green with assistance from solicitor Simon Russell. Tax expertise was provided by partner Peter Abbott and solicitor Joe Robinson and advice on the financing aspects of the deal came from senior counsel Laura Bretherton, senior solicitor Laura Uberoi and solicitor Yagmur Yarar. Senior counsel Cate Taylor provided real estate expertise.
Alexander Green comments: “Having also assisted Alchemy on their investment into Beechcroft, it was a pleasure to advise them on this latest transaction to complete the cycle.”